The Manila Times

Filipinos take advantage of low rates, discounts for auto loans amid high inflation

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DESPITE

taking advantage of low rates and waived fees for auto loans, resulting in a 12-percent rise in applicatio­ns who believe that the attractive rates and discounts provided by some banks for auto loans will not last this year and will only accept applicatio­ns until the end of October. “This is still a good time to avail

- ents will be able to secure and lock the rate for the whole duration of the loan, even if rates eventually increase.”

Promo at the 7th Philippine Inter- - ticipation in PIMS, many will see the wisdom of availing of promos that will make it easier to have that dream car before prices and rates rise further. Our loans will allow our clients to stretch out their funds over a long period of time while enjoying additional savings as well,”

year comprehens­ive car insurance, free chattel mortgage fees, low monthly amortizati­on and a P10,000 discount on a car’s down payment discount.

promo is available to all its new and existing clients nationwide who will apply for an auto loan only until October 31, 2018, and whose loan applicatio­n will be approved and booked on or before December 31, 2018. The loan amount should be within the range of P500,000 to P5 million with the loan term required

The auto loan approval can be as fast as one day if the client would be able to submit the complete requiremen­ts along with the applicatio­n form.

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